Deutsche Bank reiterated its Buy rating on Buffalo Wild Wings BWLD and raised its price target from $86 to $92.
Deutsche Bank noted, "Last wk. we met with BWLD mgmt. in Minn While wing costs remain an outlier, we came away with higher confidence in 2H earnings assumptions given incremental menu pricing. BWLD remains one of the few restaurant chains delivering consistently strong SSS growth (+6.3% LTM) and double-digit unit growth; we believe this deserves a premium multiple."
Buffalo Wild Wings closed at $85.74 on Friday.
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